EXPLAINS FOR LOWER RESULT IN Q3/97
02 December 1997
Loxley Plc indicated causes of dropping result compared year-on-year
as follows:
1. Accusing the managed float, the company recorded Bt2,282.54 m value
of foreign exchange loss.
2. Continuing from abovementioned, reserves for future redemption of
CDs overran by Bt162.42 m.
3. Reserves for accounts and inventories headed Bt183 m upward amid
economic slump.
4. Profits from subsidiaries and joint ventures were recorded Bt328.95
m lower.